The paper provides a general-equilibrium model where incomplete international financial markets lead to insufficient industrial specialization and low international trade. As international portfolio diversification...

Publication Date:
01
June
2008

DOI: http://dx.doi.org/10.5089/9781451870015.001

ISBN: 9781451870015

This paper analyzes the evolution of the degree of global cyclical interdependence over the period 1960-2005. We categorize the 106 countries in our sample into three groups-industrial countries, emerging markets,...

This paper assesses the costs of internal trade barriers and proposes policies to improve internal trade. Estimates suggest that complete liberalization of internal trade in goods can increase GDP per capita by abo...

Publication Date:
01
November
1991

DOI: http://dx.doi.org/10.5089/9781451947038.001

ISBN: 9781451947038

This paper contains essays on sterilized intervention, on covered interest rate parity, and on chartist analysis in financial markets. Each essay contains a definition, brief survey of the empirical evidence and ov...

Publication Date:
01
December
2009

DOI: http://dx.doi.org/10.5089/9781451874204.001

ISBN: 9781451874204

International financial integration has greatly increased the scope for changes in a country's net foreign asset position through the valuation channel, namely capital gains and losses on external assets and liabil...

The paper investigates the determinants of business cycles synchronization across regions. It uses both international and intranational data to evaluate the linkages between trade in goods, trade in financial asset...

This paper assesses the costs of internal trade barriers and proposes policies to improve internal trade. Estimates suggest that complete liberalization of internal trade in goods can increase GDP per capita by abo...

Author(s):
Mark Taylor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
01
November
1991

ISBN: 9781451947038

This paper contains essays on sterilized intervention, on covered interest rate parity, and on chartist analysis in financial markets. Each essay contains a definition, brief survey of the empirical evidence and ov...

Publication Date:
30
September
2004

DOI: http://dx.doi.org/10.5089/9781589063587.084

ISBN: 9781589063587

The effect of exchange rate volatility on trade flows was examined by a 1984 IMF study on G-7 countries. Over the past two decades, many developments in the world economy, such as the currency crises in the 1990s a...